As the US national debt trajectory steepens, billionaire investor Ray Dalio is cautioning that history offers a clear pattern: excessive debt creation is often followed by currency devaluation and a shift of capital into alternative stores of value. According to fresh projections from the Congressional Budget Office (CBO), US federal debt is expected to rise by roughly $2.4 trillion annually over the next decade. Ray Dalio, founder of Bridgewater Associates LP, said that large and persistent def